Somewhat Positive News Coverage Somewhat Unlikely to Affect Universal Insurance (UVE) Share Price

News headlines about Universal Insurance (NYSE:UVE) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Universal Insurance earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 45.0210635796578 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Separately, ValuEngine upgraded Universal Insurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th.

Shares of Universal Insurance (NYSE UVE) opened at $27.10 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $914.47, a price-to-earnings ratio of 11.58 and a beta of 1.88. Universal Insurance has a 12-month low of $15.07 and a 12-month high of $29.20.

Universal Insurance announced that its board has approved a share buyback program on Wednesday, November 8th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 27th were given a dividend of $0.14 per share. The ex-dividend date was Friday, November 24th. This represents a $0.56 dividend on an annualized basis and a yield of 2.07%. Universal Insurance’s payout ratio is 23.93%.

In other news, Director Michael Pietrangelo sold 9,969 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $26.27, for a total value of $261,885.63. The sale was disclosed in a filing with the SEC, which is available through this link. 10.50% of the stock is owned by corporate insiders.

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About Universal Insurance

Universal Insurance Holdings, Inc (UVE) is a private personal residential homeowners insurance company in Florida. The Company performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally. The Company’s subsidiaries include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).

Insider Buying and Selling by Quarter for Universal Insurance (NYSE:UVE)

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